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First Industrial Realty Trust
FR

417 hedge funds and large institutions have $6.59B invested in First Industrial Realty Trust in 2025 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 150 increasing their positions, 162 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

7,150% more call options, than puts

Call options by funds: $725K | Put options by funds: $10K

6% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 47

4% more capital invested

Capital invested by funds: $6.33B → $6.59B (+$265M)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

1% less funds holding

Funds holding: 420 → 417 (-3)

7% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 162

2.4% less ownership

Funds ownership: 99.11% → 96.71% (-2.4%)

Holders
417
Holders Change
-3
Holders Change %
-0.71%
% of All Funds
5.47%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
50
Increased
150
Reduced
162
Closed
47
Calls
$725K
Puts
$10K
Net Calls
+$715K
Net Calls Change
-$1.44M

Top Buyers

Rank Fund Capital Flow
1
DPIM
Duff & Phelps Investment Management
Illinois
+$72.8M
2
Citadel Advisors
Citadel Advisors
Florida
+$52.9M
3
PI
PGGM Investments
Netherlands
+$37M
4
UBS AM
UBS AM
Illinois
+$35M
5
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$27M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$57.7M
2
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$37.7M
3
CC
Conversant Capital
New Jersey
-$18.8M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$13.4M
5
Jane Street
Jane Street
New York
-$13.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
SO
76
STRS Ohio
Ohio
$12.4M +$2.71M +54,001 +29%
NIG
77
NFJ Investment Group
Texas
$12.3M -$194K -3,856 -2%
Ohio Public Employees Retirement System (OPERS)
78
Ohio Public Employees Retirement System (OPERS)
Ohio
$12.3M -$39.8K -793 -0.3%
SOADOR
79
State of Alaska Department of Revenue
Alaska
$12.1M -$30.3K -603 -0.3%
EP
80
Edgestream Partners
New Jersey
$11.9M -$2.53M -50,442 -18%
VOYA Investment Management
81
VOYA Investment Management
Georgia
$11.1M -$4M -79,559 -27%
SPS
82
Susquehanna Portfolio Strategies
Pennsylvania
$10.9M +$5.08M +101,064 +91%
Nomura Asset Management
83
Nomura Asset Management
Japan
$10.2M +$269K +5,360 +3%
Universal-Beteiligungs- und Servicegesellschaft
84
Universal-Beteiligungs- und Servicegesellschaft
Germany
$10M +$1.74M +34,655 +22%
Renaissance Technologies
85
Renaissance Technologies
New York
$9.58M -$904K -18,000 -9%
HSBC Holdings
86
HSBC Holdings
United Kingdom
$9.52M +$3.08M +61,310 +50%
Franklin Resources
87
Franklin Resources
California
$9.01M -$8.69M -172,958 -50%
State of Wisconsin Investment Board
88
State of Wisconsin Investment Board
Wisconsin
$8.78M -$32.4K -645 -0.4%
SLF
89
Sun Life Financial
Ontario, Canada
$8.24M – – –
Retirement Systems of Alabama
90
Retirement Systems of Alabama
Alabama
$8.24M -$87.2K -1,735 -1%
SEI Investments
91
SEI Investments
Pennsylvania
$7.94M +$109K +2,179 +1%
SCM
92
Sterling Capital Management
North Carolina
$7.68M +$95.5K +1,901 +1%
Janus Henderson Group
93
Janus Henderson Group
United Kingdom
$7.49M -$37.7M -750,406 -84%
SCM
94
Sophron Capital Management
New Jersey
$7.34M -$1.67M -33,284 -19%
JG
95
Jain Global
New York
$7.26M +$7.09M +141,143 New
GCA
96
GSI Capital Advisors
California
$7.25M -$591K -11,772 -8%
AAMU
97
APG Asset Management US
New York
$6.9M +$6.66M +132,600 New
IC
98
IEQ Capital
California
$6.87M -$2.51M -49,919 -27%
LOIM
99
Liberty One Investment Management
Illinois
$6.59M +$1.52M +30,289 +31%
California State Teachers Retirement System (CalSTRS)
100
California State Teachers Retirement System (CalSTRS)
California
$6.5M +$301 +6 +0%
2 3
4
5 6

FR Hedge Fund Activity: Q3 2025 in Review

417 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Industrial Realty Trust (FR) for Q3 2025, worth a combined $6.59B — up 4.2% from $6.33B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new FR positions and 47 closed out — a net gain of 3 holders — while 150 added to existing stakes and 162 trimmed.

The largest buyer was Duff & Phelps Investment Management, opening a new position worth an estimated $72.8M. The largest seller was AllianceBernstein, cutting an estimated $57.7M.

  • 417 institutional investors held First Industrial Realty Trust (FR) as of Q3 2025, down from 420 in Q2 2025.
  • Funds reported $6.59B of First Industrial Realty Trust stock for Q3 2025, up 4.2% quarter-over-quarter.
  • 50 funds opened new First Industrial Realty Trust positions in Q3 2025 and 47 closed out, a net change of +3 holders.
  • The largest First Industrial Realty Trust buyer in Q3 2025 was Duff & Phelps Investment Management, an estimated $72.8M added.
  • The largest First Industrial Realty Trust seller in Q3 2025 was AllianceBernstein, an estimated $57.7M sold.

Based on aggregated 13F filings for Q3 2025.